"A series of meetings were held with representatives of Nirav Modi group and Gitanjali group at Delhi & Mumbai to impress upon them to pay... Read more »
LoUs by banks are issued for 90 days according to RBI norms. But Shetty and Karat conspired to issued LoUs to foreign branches of Indian banks for about 360 days, PNB said. Read more »
The agency had earlier said it had arrived at the value of the assets seized based on the stock value at showrooms and stores, which was also the price at which the... Read more »
Small businesses and contractors who rely on deals with their clients may benefit from the Outlaw contract platform. Find out why after the jump. Read more »
As of March 2017, banks had extended loans and guarantees worth Rs 176.32 bn to companies tied to billionaire jeweller Nirav Modi and his uncle Mehul Choksi. Read more »
Legalized marijuana advocates are up in arms, and in court, over the federal government's classification of the drug. Get all the details about the cannabis Schedule 1 lawsuit after the jump. Read more »
SAIL said its plants have plans to lay more such green roads with waste plastic in the coming months, in a significant step towards Swachh Bharat. Read more »
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with positive implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Dealers Assurance... Read more »
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of Oportun Funding VIII, LLC, Series 2018-A (“Oportun 2018-A”), a consumer loan asset-backed securities transaction. The collateral in the... Read more »
This is the kind of baloney only fools should believe. The duration and magnitude of the fraud raises too many questions to rule out a deeper rot. Read more »